The automaker says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is "entirely too rich, given current market and economic conditions." Ford adds that employees of the bankrupt Visteon should be happy to still have jobs.Read More
The top 100 U.S. corporate pension plans saw their funded status drop by nearly 30 percentage points in 2008, giving up all gains of the previous five years.Read More
Following months when economists kept tearing up their job-loss forecasts and revising them upward to keep pace with deteriorating economic news, New York’s Independent Budget Office has gone in reverse.Read More
Enrollment in health savings accounts linked to high-deductible health insurance plans continues to surge, with 8 million people covered by HSAs as of January 1, a 31 percent annual increase.Read More
The Coca-Cola Co. will continue to seek regulatory approval of its innovative retiree health care benefits funding proposal after a tentative Labor Department ruling denying approval of the transaction.Read More
Effective July 1, Wells Fargo & Co. is freezing its cash-balance pension plan, making it one of the largest employers to do so.Read More
A new survey shows 63 percent of defined-contribution plan participants have grown less confident in the past year about reaching their retirement goals.Read More
What steps can HR professionals take to overcome the organizational tendency to cut training when money is tight?